NASDAQ$CMCSA

Comcast Corp · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Comcast's financial performance was strong across all segments, with significant growth in adjusted EBITDA and adjusted EPS.

Comcast Corporation reported strong second-quarter results with a 5.1% increase in revenue to $30.0 billion and a 20.2% increase in adjusted EPS to $1.01. The company saw growth in Cable, NBCUniversal, and Sky, with theme parks driving significant growth at NBCUniversal. Comcast returned $4.2 billion to shareholders through dividends and share repurchases and continues to invest in future growth.

  • Consolidated Adjusted EBITDA increased 10.1% to $9.8 billion, and adjusted EPS increased 20.2% to $1.01.
  • Comcast returned $4.2 billion to shareholders through dividends and share repurchases.
  • Cable Communications' adjusted EBITDA margin increased 70 basis points to 44.9%.
  • NBCUniversal's adjusted EBITDA increased 19.5% to $1.9 billion, driven by theme parks performance.

Headline financials

Total Revenue

$30B

Previous: $28.5B+5.1%
EPS (adj)

$1.01

Previous: $0.84+20.2%
Total Customer Relationships

34.4M

No prior period
Wireless Line Net Adds

317.0K

Previous: 280.0K+13.2%
Capital Expenditures

-$2.41B

Previous: -$2.14B-12.6%
Free Cash Flow

$11.2B

Previous: $13.2B-15.5%
Net Income

$3.4B

Previous: $3.74B-9.1%
Operating Income

$6.37B

Previous: $5.51B+15.6%
Gross Profit

$30B

Previous: $28.5B+5.1%
Cash & Equivalents

$6.82B

Previous: $12.4B-44.9%
Total Assets

$267B

Previous: $277B-3.6%
Stock-Based Comp

$299M

Previous: $338M-11.5%

Revenue & EPS history

Comcast · Revenue · Quarterly

$30B

Q2 2022+5.1%vs Q2 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Comcast · $26.7B total across 4 segments · Q2 2022

  • Residential Connectivity
    $16.6B+3.7%
  • Media
    $5.33B+3.6%
  • Studios
    $2.97B+33.4%
  • Theme Parks
    $1.8B+64.7%

Forward guidance

Comcast did not provide specific forward guidance in this earnings report.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

+0.4%

Avg return

Earnings day

-0.2%

Avg return

5 days after

+1.1%

Avg return

30 days after

55%

40 / 73 earnings

Positive

+13.3%

Q1 2023

Best reaction

-13.5%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.9%-5.9%-14.2%
Q4 2025+2.8%+4.8%+9.0%
Q3 2025-5.2%-3.8%-6.4%
Q2 2025+2.2%+0.0%+4.5%
Q1 2025-3.7%-1.5%+0.1%
Q4 2024-11.0%-10.2%-4.0%
Q3 2024+3.1%+0.8%+2.2%
Q2 2024-3.6%+0.4%-0.3%
Q1 2024-4.1%-5.2%-4.2%
Q4 2023+5.6%+6.5%-4.3%
Q3 2023-7.3%-3.4%-0.4%
Q2 2023+5.4%+5.6%+6.0%
Q1 2023+13.3%+12.8%+8.1%
Q4 2022-1.2%-1.9%-7.7%
Q3 2022+1.4%+0.2%+13.2%
Q2 2022-13.5%-13.1%-15.1%
Q1 2022-10.6%-9.2%-0.7%
Q4 2021+2.6%+3.1%-2.9%
Q3 2021-1.9%+0.4%-2.6%
Q2 2021+1.5%+0.4%+2.4%
Q1 2021+3.8%+4.7%+6.0%
Q4 2020+2.4%+5.7%+8.9%
Q3 2020+0.6%+1.5%+23.3%
Q2 2020-2.5%-1.6%+1.5%
Q1 2020-5.2%-7.6%+1.5%
Q4 2019-6.0%-7.2%-3.4%
Q3 2019-0.2%-0.8%-2.0%
Q2 2019-0.5%-1.8%-5.4%
Q1 2019+2.9%+4.0%+2.0%
Q4 2018+3.6%+1.1%+10.4%
Q3 2018+3.3%+10.5%+9.6%
Q2 2018+5.0%+7.1%+9.2%
Q1 2018-0.1%-5.9%-4.8%
Q4 2017-0.7%-1.1%-6.9%
Q3 2017-0.1%-2.2%-2.6%
Q2 2017+0.4%+2.5%+2.2%
Q1 2017+1.0%+1.4%+5.5%
Q4 2016+3.4%+2.7%+3.2%
Q3 2016-4.7%-4.2%+7.2%
Q2 2016+1.0%+0.5%-2.5%
Q1 2016+0.2%
Q4 2015+6.6%
Q3 2015-0.4%
Q2 2015-3.6%
Q1 2015-0.8%
Q4 2014+2.4%
Q3 2014+0.8%
Q2 2014+1.7%
Q1 2014+2.7%
Q4 2013+1.1%
Q3 2013-0.3%
Q2 2013+7.3%
Q1 2013+2.0%
Q4 2012+3.9%
Q3 2012+3.2%
Q2 2012+4.9%
Q1 2012-0.8%
Q4 2011-0.3%
Q3 2011+1.5%
Q2 2011-4.1%
Q1 2011-2.0%
Q4 2010+3.3%
Q3 2010+6.2%
Q2 2010-0.9%
Q1 2009+8.3%
Q1 2010+8.3%
Q4 2007+1.4%
Q2 2009+1.4%
Q4 2009+1.4%
Q3 2009-2.2%
Q3 2008-2.2%
Q4 2008-0.7%
Q2 2008-0.7%

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